Future shopping mall project
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FUTURE SHOPPING MALL PROJECT MAC
Subsequently, in 2018, the major projects are also mixed developments, such as Paya Lebar Quarter and Northpoint City.Īpart from the existing podium of TripleOne Somerset, which is embarking on Asset Enhancement Initiatives (AEI), there is no planned major retail supply in the Orchard planning area in the near term. Future Macon Mall plans could include casino, hotel and Mac Town. The open-air Village will feature home-furnishing tenants, 15 restaurants, and a.
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prepared for future technology and adaptable to the demands of the. The three mallsthe other two being Topanga and Promenadewill have a total of 350 shops. The Lake Nona Town Center will be the regions defining retail experience with 6. That suits our Design-Build delivery method perfectly for the future of mall construction and renovation. The Korte Company has had a front row seat building for retail owners for decades. Hillion Mall in the Bukit Panjang planning area is the only signifi cant development in 2017 that is not located within the Central planning region. When The Village at Westfield Topanga, a 350 million, 444,744-sf retail complex, opens in September, it will become the third shopping mall that developer Westfield has built at Warner Center in Century City, Calif. The modern mall means something else nowin fact, it more closely matches what the word actually means. The major developments consist of the new retail mall at Singapore Post Centre and The Heart at Marina One.
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Now, in London, Frank Lowy is about to unveil his boldest project yet – just as recession hits. Similarly, in 2017, the new supply largely involves integrated projects in the Central planning region. Mega-mall: Is this the future of shopping Hes built a global empire of malls. The remaining supply comes from the refurbished GSH Plaza, as well as the revamped Beach Centre.įrom 2017 to 2020, approximately 6.2 million sq ft of new retail space is expected to enter the physical stock. The main bulk of the supply comes from two new integrated projects, namely Downtown Gallery and Tanjong Pagar Centre. The upcoming retail supply for the year is mainly from the new mixed-use developments in the Central planning region. A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually anchored by department stores.The term 'mall' originally meant a pedestrian promenade with shops along it (that is, the term was used to refer to the walkway itself which was merely bordered by such shops), but in the late 1960s, it began to be used as a generic term for the large enclosed. Savills in a report note that there are at least nine major mall projects in the pipeline, from Q42016 to 2020.Īccording to the latest data released by URA as of Q3/2016, there will be an estimated retail supply of 667,000 sq ft in the last quarter this year. Whether a project includes an individual store or a new shopping mall, the refurbishment of a supermarket chain or an entire retail-led urban regeneration. Around 6.2m sqft retail supply is expected in the next four years.